Jordan Commercial Bank deploys new banking system based on Oracle and Linux

Already live in all 26 branches across the Middle East, senior executives at JCBank anticipate the new system to lower costs, provide greater flexibility and improve customer service as the bank's plans for extended retail, corporate and investment operations unfold.

Dr. Jawad Hadeed, Chief Executive Officer of the Jordan Commercial Bank, commented: "JCBank's vision is to accommodate, if not drive, the growing banking demands through the use of information technology, and to provide its customers with the latest developments and innovations in banking services and customer care. Increased competitiveness in the banking sector, as well as added regulatory pressures, made the need for a world-class technology infrastructure even more pressing, that is why we decided to build our new application, BANKS, on Oracle and Linux."

The BANKS solution, which uses Oracle Database and Middleware technologies on top of the Linux operating system, is increasingly becoming a model which banks are following around the world, and has been designed specifically to meet the complex information processing demands and varied management challenges facing the financial services industry in the twenty first century.

In addition to the Oracle Database 10g, JCBank is planning to use Oracle Internet Application Server 10g, and Oracle Internet Developer Suite 10g. The fully integrated technology stack combines the power of application development and business intelligence in a single scalable, secure and easily managed suite.

One of the reasons so many banks choose Oracle 10g technology is because of the product's advanced grid management capabilities, coupled with scalability, security and high availability. This presents executive management teams with far greater visibility and utilization of their IT resources. Oracle 10g's automated administrative features also simplify configuration and management of complex banking operations, while reducing database administrator workload for handling large infrastructures.

"As part of JCBank's aim to become a regional model for banking institutions, senior executives have made it their mission to acquire the most advanced, secure, and flexible information infrastructure available," said Kassem Fares, Managing Director, Oracle, Levant region. "Such a strategy puts the bank in a position to provide its customers with the best financial products and banking services, all modeled on world-class banking practices and in line with the latest regulatory requirements."

"JCBank's deployment of Oracle 10g represents one more validation of Oracle's efforts to provide the Middle East's banking industry with the most advanced computing technologies available, immediately adding value to IT practices and business operations. Oracle 10g customers can be sure that they are receiving a world-class product that continues to lead the field in data warehousing," concluded Fares.